The rand was in positive territory for a second consecutive week on Friday as talk of an impending deal between the US and China over trade was mooted.
White House economic adviser Larry Kudlow said on Thursday that the two countries are down to the final steps of agreeing on a phase one deal, surprising investors, who have spent much of the past week on the receiving end of headlines suggesting the opposite. At 6pm, the rand had gained 0.74% to R14.7077/$, 0.47% to R16.2543/€, and 0.54% to R18.9881/£. The euro was 0.28% firmer at $1.1051. The rand gained a little more than 1% against the dollar in the week
Gold was down 0.23% to $1,467.62/oz, while platinum added 0.99% to $889.44. Brent crude was 0.7% higher at $62.74 a barrel.
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